Railroads are under intensifying scrutiny following a fiery crash that forced evacuations in Ohio last month.
WASHINGTON — The first major railroad merger in more than two decades will go forward after federal regulators approved Canadian Pacific’s $31 billion acquisition of Kansas City Southern.
The two are the smallest among the nations seven major railroads, but their coupling will create the only railroad linking Canada, Mexico and the United States. The approval Wednesday by the U.S. Surface Transportation Board comes after an arduous two-year review.
Railroads are under intensifying scrutiny following a fiery crash that forced evacuations in Ohio last month.
The Transportation
→ Continue reading at KGW TV